Ethereum Surges Past $2,500 on Institutional Participation and Supply Shift
Ethereum's price is at a critical juncture after reclaiming the $2,500 area. The recent surge in value comes as more than 116,000 ETH moved off centralized platforms in just 48 hours.
This supply shift coincides with continued institutional participation through U.S. spot Ethereum ETFs, which have seen significant activity. The bulls are now targeting a price of $2,800 after breaking out of a range.